SGX Starts 2019 with Record FX Volumes

Trading on SGX’s FX futures hit an all–time in January, with $105 billion in notional value and 1.87 million in aggregate contracts traded.

Year-on-year, this represents a 60% growth in terms of notional value and a 30% growth in the volume of contracts traded. Average daily volume (ADV) of contracts traded last month grew to approximately 85,000 contracts from 68,000 in January 2018, while the notional ADV traded per day grew to $4.8 billion in January 2019, up from $3.1 billion the same month the previous year.

USD/CNH futures accounted for $73 billion of the notional value of FX contracts traded on SGX’s platform in January, a 146% year-on-year increase and an 11.6% month-on-month increase. The notional ADV of these contracts traded was $3.32 billion last month, by contrast, for the full year 2018 it was $2.17 billion.

The notional value of INR/USD contracts traded on SGX was $32 billion in January, up 6% month-on-month, but down 8.5% year-on-year. The ADV of these contracts in notional terms was $1.45 billion last month.